ESG Strategy 2023 - 2028

Introduction

The LBS SA ESG Strategy in an action plan which highlights a set of actions and initiatives to address the most pressing ESG issues within the scope of the LBS SA ESG Policy (the “ESG Policy”). It has been developed in consultation with key stakeholders to identify areas within the scope of the ESG Policy where improvements can be made to reach the standard that the SA has set itself.

In order to achieve our goal and vision as stated in the ESG Policy, we have identified two major parties & stakeholders which reflect the distinct areas of work in our ESG strategy, namely the LBS SA and LBS Clubs, Societies & Other Organized Groups.

Purpose

The strategy will serve as a critical tool for the SA to implement practices that promote positive environmental, social, and governance outcomes in both short-term and long-term. It is envisaged that the Responsible Person shall use this Strategy as a basis for developing and implementing relevant initiatives.

Implementation and Review

This Strategy has been developed with a five-year timeframe in mind. On at least an annual basis, progress against each of the items in the strategy, and against the mission of the ESG Policy in general, should be tracked and reported by the Responsible Person to the SA.

The strategy should be reviewed and updated at least every five years, reassessing those areas for improvement and reflecting any developments in ESG frameworks, priorities and reporting standards.

The strategy is due to be updated next in the 2027-28 academic year, to take effect during the 2028 – 2032 five year period.

Definitions

Terms defined within the ESG Policy have the same meaning in this Strategy.

Diversity                   Inclusion and representation of individuals from a wide range of backgrounds, cultures, identities, and perspectives within the London Business School community. This includes but is not limited to differences in race, ethnicity, gender, sexual orientation, religion, socioeconomic status, age, level of experience, ability, and nationality, as well as cross-programme diversity.

Discrimination        Any form of unfair treatment or negative action taken against individuals or groups, including actions such as hiring or promotion bias, harassment, exclusion, or unequal access to resources and opportunities. This includes discrimination on the basis of race, ethnicity, gender, sexual orientation, religion, socioeconomic status, age, level of experience, ability, nationality or academic programme.